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In: Real Estate, REIQ

Contributed By: Jane Garcia on

As a strong believer that everyone should be able to make educated, informed decisions about buying, selling, or renting property in Queensland, the Real Estate Institute of Queensland (REIQ) is delivering a new, enlightening video series to empower consumers. The educational video series called Prop IQ, aims to unpick the complexities of real estate and answer the big questions regularly fielded by real estate professionals. REIQ CEO Antonia Mercorella said Prop IQ aimed to demystify and debunk the process of buying, selling, or renting in Queensland and answer consumers’ burning questions. “Real estate is essential to all of us, it’s often the topic of conversationRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has warned the Residential Tenancies and Rooming Accommodation and Other Legislation Amendment Bill 2024 (the Bill) introduced today, contains some extreme, unnecessary, and impractical reforms. REIQ CEO Antonia Mercorella said it was disappointing to see legislative change being touted as the solution to the rental crisis when there is universal agreement that we need to encourage new supply. She said the most alarming reforms in the Bill relate to: ·     The proposal to attach rent increase limits to the property rather than the tenancy agreement; and ·     A tenant’s right to ask for structural changes to a property and an owner beingRead More →

In: Real Estate, REIQ

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is welcoming today’s announcement from the Attorney General that mandatory continuing professional development (CPD) will be imposed on real estate practitioners in Queensland. As the law currently stands, real estate practitioners are required to undertake initial educational training, however there are no ongoing educational and training requirements despite the increasingly complex legal and regulatory landscape they operate in. REIQ CEO Antonia Mercorella said as a strong advocate for the establishment of an annual CPD regime for a decade, it was momentous for the REIQ to see it come to fruition. “As the peak body for real estate professionals,Read More →

In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland’s (REIQ) latest quarterly Residential Vacancy Rate Report shows most renters have more choice than they had a year ago, despite a slightly tightening market over the September 2023 Quarter. While the state vacancy rate remains ‘tight’ (0 – 2.5%) at 1.0%, reassuringly, in most areas, vacancy rates have not dipped enough to erase the gains made over the past two quarters. The report, released today, covers 50 local government areas (LGAs) and sub regions in Queensland, with figures representing just how few and far between rental listings can be – particularly in regional areas. Of the 50 Queensland regions,Read More →

In: Real Estate, REIQ

Contributed By: REIQ on

Queensland property keeps proving itself to be a shining performer, according to quarterly median sales results released by the Real Estate Institute of Queensland (REIQ) today. The June 2023 quarter (April – June 2023) revealed that many of the Sunshine State’s property markets remain in an enviable position, with statewide median house prices rising by 4.62 percent over the quarter, and median unit prices lifting 3 per cent. Taking a broader view and comparing Queensland’s annual figures, the state saw substantial year on year growth of 5.26 per cent for houses, and 6.91 per cent for units. Some regional property markets are running particularly hotRead More →

In: Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has long-advocated for all levels of government to work together to do their part to end the housing crisis, and welcomed the renewed and incentivised housing targets set at National Cabinet yesterday. REIQ CEO Antonia Mercorella said it was particularly pleasing to see commitments from the Commonwealth to provide $3 billion in performance-based funding to states and territories that meet their housing targets. “The REIQ welcomes the additional incentive-based payments for states to deliver houses above the previous targets,” Ms Mercorella said. “Whilst the funding is welcome for the additional 200,000 homes above the previous target over theRead More →

In: General Interest, Landlords, Tenants, Renting and Management, Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Federal Government’s latest thought bubble to propose national caps on rent increases to once every two years is economic lunacy, according to the Real Estate Institute of Queensland (REIQ). REIQ CEO Antonia Mercorella said it was imperative that state and territory governments weighed up the strain on both sides of the rental ledger and considered the broader economic context at the National Cabinet meeting in Brisbane next week. “We understand the community concern about rents rising at a much faster pace than we have historically experienced,” Ms Mercorella said. “In the decade prior to the pandemic, when we had healthier levels of supply, weRead More →

In: Landlords, Tenants, Renting and Management, Real Estate, REIQ

Contributed By: REIQ on

Almost a year after the State Government commissioned a review into the impacts of short-term rentals, the report summary has been released and is ‘entirely unsurprising’ according to the Real Estate Institute of Queensland (REIQ). The report concluded that short-term rentals were most prevalent in high-tourism coastal areas, and that short-term rentals have a limited impact on rental affordability. Importantly, the REIQ notes that Deputy Premier Steven Miles confirmed “The review found no clear alignment between the suburbs with the highest rent increases and the percentage of dwellings devoted to short-term rental. Instead, dwelling stocks emerged as the significant contributor to explaining rental prices.” REIQRead More →

In: Events, General Interest, Real Estate, REIQ

Contributed By: REIQ on

The REIQ Sales Conference equips agents with everything they need to succeed! Our expert speakers and panellists will help you take your career and business to the next level with insights into securing more listings and increasing sales in a challenging market. Our superstar keynote speaker Lauren Clemett has helped launch hundreds of global brands and will give you valuable advice on how to cut through the noise of an overcrowded market, get noticed and generate more leads. A standout line-up of presenters will give you practical information on everything from changing market conditions and digital marketing to technology and performance management plus more –Read More →

In: Landlords, Tenants, Renting and Management, Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) says consecutive lifts in the state’s quarterly residential vacancy rate is a promising sign that rental conditions are improving. The REIQ Residential Vacancy Rate Report for the June 2023 Quarter, released today, covers 50 local government areas (LGAs) and sub regions in Queensland, and comes as the state-wide vacancy rate rose to 1.0% for the first time since December 2021. While the vacancy rate remains ‘tight’ (0 – 2.5%) across the vast majority of Queensland, over the June quarter it relaxed in 38 regions, held steady in three, and tightened in nine. REIQ CEO Antonia Mercorella said theRead More →

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